Italian financial police raided the headquarters of the sports car manufacturer Lamborghini as part of investigations on the Volkswagen case. The Italian company, according to the investigation, may be implicated in the scandal that erupted around the software Volkswagen installed in vehicles with diesel engines. It makes possible to bypass the eco test for emissions. According to Reuters’...

Accumulator batteries, made by the automaker Tesla, will be first used in buildings: a Californian real estate developer Irvine Company announced plans for the construction of 24 office buildings, equipped with Tesla batteries. The developer hopes that the batteries will help to reduce power consumption during peak loads and reduce electricity consumption by 25%. One of the oldest real estate...

The largest Chinese online retailer Alibaba intends to open its first European offices in Italy, France and Germany in the next few months. This was aired by the president of Alibaba Group, Michael Evans, writes The Wall Street Journal. According to Evans, the decision on opening the agencies abroad - another Alibaba’s step to expand its presence in foreign markets. As pointed out by WSJ, this...

The world's largest electronics manufactory contractor Hon Hai Precision Industry, also known as Foxconn, shows record revenues in the III quarter thanks to orders from Apple. In the previous reporting quarter, Foxconn’s sales reached 1.07 trillion Taiwan dollars (about $ 33 billion). This is the highest result of the company for the period July-September. Compared to the previous quarter and the...

Qatari owners of the Italian fashion house Valentino Fashion Group SpA are considering an initial public offering (IPO) of the bags manufacturer’s shares for $ 3000, Bloomberg reported, citing sources. Mayhoola For Investments SPC’s investment company is working on a potential IPO with Rothschild. According to the agency, the company can pre-assess Valentino in amount of 2 billion euros (about $...

The European largest investment bank Deutsche Bank yesterday warned loss of € 6,2 bln. in its third quarter. Such record losses have been caused by the write-off of assets and increased costs for litigation. The statement by Deutsche Bank came out late last night, after the close of trading on the stock exchange. There, the bank warned about the costs and write-offs that has "significantly"...

After the British brewer SABMiller twice rejected proposals for a takeover by Anheuser-Bush InBev, the latter is once again ready to improve the conditions on the deal, bringing the ransom to $ 104 billion. In the case of the successful merger, the world will get a truly global player with a market share more than 35%. The world's largest brewer Anheuser-Bush InBev prepares the third in a row bid...

Twitter officially announced that its founder Jack Dorsey has once again been appointed permanent CEO. Shareholders and the company's management hope that the founder will be able to give a new impetus to its development and increase the number of users of the service. In the notification to the Commission on the Securities and Exchange Commission, the company reported that Jack Dorsey, who until...

Nestle is in talks with R & R Ice Cream on merger of international business for the production of ice cream, according to Reuters, citing a source. The deal is estimated at € 3 billion (about $ 3.4 billion). According to the agency, Nestle has taken such a decision in order to be able to focus on the development of more profitable brands. The source said that if the deal succeeds, the...